Emphasis on Component (Solutions and Services); Environmental Medium (Water, Air, Soil); Organization (Small & Medium Enterprises, Large Enterprise, Public-Sector Municipalities) and Region/Country
The global environmental technology market is expected to grow at a strong CAGR of around 8% during the forecast period (2023-2030). The market is growing on account of increasingly stringent government regulations to reduce environmental non-compliance activities. Further, increasing demand for resources coupled with resource scarcity is also propelling the environmental technology market. Since environmental resources play a key role in industrial production using them increases the demand for technology to efficiently utilize and reuse resources. For instance, in the present scenario in the U.S., the water treatment and reuse industry witnessing large investment and development to produce natural gas using hydraulic fracturing techniques owing to the high cost of water in hydraulic fracturing operations.
For instance, Some of the most important laws that control environmental technology in the US are the Resource Conservation and Recovery Act (RCRA), Clean Air Act, and Clean Water Act. The EPA also offers several optional initiatives, like the Energy Star program, to help individuals and companies cut back on energy use and greenhouse gas emissions.
Some of the major players operating in the market include TotalEnergies, Teledyne Technologies Incorporated, AECOM, Lennox International Inc., Xylem, Thermax Limited, Veolia Environnement SA, Thermo Fisher Scientific Inc., Waste Connections, Sunfire GmbH.
Insights Presented in the Report
“Amongst component, services category held the prominent market share in 2022 and is expected to retain its position during the forecast period”
Based on component, market is categorized into solutions and services. Among these, services category held the prominent market share in 2022 and is expected to retain its position during the forecast period. This is mainly due to the increasing demand for environmental resources, proper maintenance, utilization, waste management, resource recovery, and analytical services to maximize environmental resource efficiency. Further, to comply with government strict regulations, companies are taking engineering and consulting services to transform their business. This surges the service segment in the global environmental technology market.
“Amongst organization, large enterprise captured a prominent revenue share in the market”
Based on organization, the market is trifurcated into small & medium enterprises, large enterprise, and public-sector municipalities. Among these, large enterprise captured a prominent revenue share in the market owing to their advanced technologies which can deal with different types of environmental challenges. The electricity, energy, and utilities sector are expected to be the biggest buyer of environmental technologies among large organizations. The growing renewable energy sector is largely responsible for the significant market share of the electricity, energy, and utilities sectors.
Environmental Technology Market Report Coverage
“Europe is expected to register the highest growth rate in the forecast period”
The Europe market is expected to register the highest growth rate in the forecast period. This is mainly due to the numerous nations’ investments extensively taking place in solar, wind, and hydropower within the region. Europe plays a significant role in the development of renewable energy technology. Various businesses in the region are also working on cutting-edge energy storage technologies like batteries and hydrogen fuel cells to counteract the erratic nature of renewable energy sources. With many nations pursuing policies and programs to promote the use of energy-efficient homes, appliances, and transportation systems, Europe also has energy-efficiency technologies. For instance, in 2021, Siemens announced plans to become carbon-neutral by 2030, with a focus on developing renewable energy technologies and energy-efficient solutions for its customers. Siemens is also expanding its portfolio of smart infrastructure solutions, including electric vehicle charging infrastructure and energy management systems.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Environmental Technology Market Covid-19 Impact
6. Global Environmental Technology Market Revenue (usd Mn), 2020-2030f
7. Market Insights By Component
8. Market Insights By Environmental Medium
9. Market Insights By Organization
10. Market Insights By Region
11. Environmental Technology Market Dynamics
12. Environmental Technology Market Opportunities
13. Environmental Technology Market Trends
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Price Analysis
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for Global Environmental Technology Market Analysis (2023-2030)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Environmental Technology three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the environmental technology industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments to the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the environmental technology through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the environmental technology market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by component, environmental medium, and organization. Further regional and country-level analyses were conducted to evaluate the overall adoption of environmental technology globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Environmental Technology. Further, we conducted factor analysis using dependent and independent variables such as increasing government initiatives to protect the environment and rising concern related to resource scarcity. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the environmental technology industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global environmental technology market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global environmental technology market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of component, environmental medium, and organization.
The main objective of the environmental technology market study
The current & future market trends of global environmental technology were pinpointed in the study. Investors can gain strategic insights to base their discretion on investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Deep dive country level analysis of the industry
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